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Insurance Sales Jobs
Salary Survey for Insurance Sales Jobs 2024
- Average Salary: The average base salary for insurance sales positions in the UK sits around £35,000, with significant variations depending on experience, location, type of insurance sold, and company size.
- Salary Range: Base salaries typically range from £25,000 for entry-level positions to £50,000+ for senior roles with specialised knowledge and proven track records.
- Commissions and Bonuses: Many insurance sales jobs offer commission structures based on individual performance, potentially doubling or tripling the base salary. Performance-based bonuses are also common, further boosting earnings.
- Location: London attracts the highest average salaries, followed by major cities like Birmingham and Manchester. Rural areas typically offer lower salaries.
- Insurance Type: Selling specialised insurance like commercial or high-net-worth policies usually commands higher salaries compared to basic personal insurance products.
- Experience: Experience plays a crucial role, with seasoned professionals earning significantly more than entry-level individuals. Relevant qualifications and certifications can further enhance earning potential.
- Qualifications: Possessing industry-recognised qualifications like Chartered Insurance Institute (CII) certifications can increase earning potential.
Use our search facility to look for the Insurance sales jobs which Aaron Wallis is currently recruiting for:
Salary Ranges for Insurance Sales Roles in 2024
Detailed breakdown of salary data from various sources:
According to Glassdoor, Insurance Sales Representatives in the UK earn an average base salary of £36,000, while commercial insurance Sales Account Managers earn around £42,000.
Hays lists a salary range of £30,000 to £45,000 for Insurance Sales Positions, with Senior Sales Executives earning up to £60,000 and more.
According to Totaljobs, Insurance Sales Managers earn an average salary of £38,000, with a salary range of £28,000 to £55,000.
Additional Factors:
- Company size: Larger insurance companies generally offer higher salaries and more benefits.
- Benefits: Benefits packages vary greatly and may include health insurance, pension plans, car allowances, and travel opportunities.
- Sales Channel: Direct sales roles typically offer higher earning potential compared to inside sales positions.
- Performance Metrics: The specific performance metrics used for commissions and bonuses can significantly impact earnings.
The UK insurance sales market provides numerous opportunities with different earning potentials. Although the base salaries may not be as high as those in some other sales fields, individuals with specialised skills, dedication, and a strong work ethic can earn high commissions, bonuses, and enjoy career progression options. Overall, it can be a financially rewarding path for high-performing salespeople.
Aaron Wallis Sales Recruitment has a team dedicated to Insurance sales professionals
Our Insurance recruitment consultants serve across a wide range of sub-sectors that we define as follows:
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Actuarial
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Broking
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Business Development Managers
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Claims
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Compliance
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Corporate and Strategic Sales
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Lloyds Market & the London Market
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Sales and Marketing
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Reinsurance
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Risk Management
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Underwriting
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Insurance broker
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Insurance claims jobs
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Insurance investigator jobs
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Underwriter and underwriting jobs
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Life insurance and medical insurance sales
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by Rob Scott
Managing Director
About the author
Rob Scott
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